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Conforming loan limit as high as $725,000?

Thu Jan 24, 2008 02:01PM | By Tony

See more in Mortgage | Permalink | Email | Comments (0)

As the part of stimulus package, to address the mortgage crisis, the package also raises the limits on Federal Housing Administration loans and home mortgages that Fannie Mae and Freddie Mac can purchase to as high as $725,000 in high-cost areas. Those are considerable boosts over the current FHA limit of $362,000 and the $417,000 cap for Fannie Mae and Freddie Mac's loan purchases.

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